Yes, it will get hot. It's function is to "resist" current flow to control voltage to the coil, the excess current is dissipated in heat. From Wikipedia...
The term also refers to an automobile engine component that lowers the supply voltage to the ignition system after the engine has been started. Because cranking the engine causes a very heavy load on the battery, the system voltage can drop quite low during cranking. To allow the engine to start, the ignition system must be designed to operate on this lower voltage. But once cranking is completed, the normal operating voltage is regained; this voltage would overload the ignition system. To avoid this problem, a ballast resistor is inserted in series with the supply voltage feeding the ignition system. Occasionally, this ballast resistor will fail and the classic symptom of this failure is that the engine runs while being cranked (while the resistor is bypassed) but stalls immediately when cranking ceases (and the resistor is re-connected in the circuit).
